The chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that may preserve the company’s ability to continue operating, according to people familiar with the matter.
Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, the people said. Binance, which Zhao owns, will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said.
CZ has not tweeted anything for two days. Bad sign as he normally comments bad news quickly. Binance Coin dropped more than 5% dragging the crypto market along. CZ leaving Binance would be a major shakeup for the industry, but who knows, maybe the final end of the bear market? Or it is the spring of US-Government attacks on cryptocurrency.
Binance muss in den USA wohl 4 Milliarden $ Strafe zahlen, unter anderem Geldwäsche. Außerdem soll sich der Geschäftsführer und Gründer aus den leitenden Positionen zurückziehen. BNB fällt um knapp 5%. Mal schauen ob dies das endgültige Ende des Bärenmarktes ist. Oder der Frühling des US-Krieges gegen Kryptobörsen.
